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Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 83. (Read 316448 times)

legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
Quick Update:

The new site should be live within 2 weeks, I hope everyone is excited for it Smiley

Also, there's another special announcement which will be made around the same time - should be very good for owners of S.DICE
hero member
Activity: 756
Merit: 522
It's not that hard really: you go to satoshidice.com and click where you see the word IPO in blue and underlined. Those are usually links on the interwebs.
At that link you will find a few nuggets of information, like the contract, a prospectus, the total dividend paid (786.15699996).

Since the total shares issued is 10 million and the owner blocks for sale add up to 6`938`859, you can work out the total dividend paid to 3rd party investors on MPEx to 240.65374250 BTC. The GLBSE passthrough holders together count for a little over 10% of that, hence the 40ish BTC payment that made its way there.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
FYI - Cross-posting this for our shareholders... (from the SD developer)

I would like to explain a recent bug that has been plaguing our system and how it was corrected.

In our system we have a database of all transactions that relate to Satoshidice.   We also track their status (pending, confirmed, unknown).  We get a handful of transactions that were broadcast but never end up confirming.  After 24 to 48 hours we delete them from our system and move on.  There was an issue where the status of the transactions was not being recorded correctly.  So we would occasionally delete a transaction thinking it was hopeless when it actually confirmed some time ago.  Then the outputs spend for that transaction would be marked available and used to pay other transactions.  The more I ran the recovery process to clean things up, the more of these ended up getting created.

Now I have a separate safety check that checks an external repository of confirmed transactions before deleting anything.  This has been running for about 3 days and seems to work very well.

The other thing that happened that led to a large amount of unconfirming transactions was around Sept 8th we ran out of confirmed funds.  We try to always pay winners with confirmed outputs so there is no problem getting them confirmed and they are not dependent on anyone else's transactions.  Well, we ran out of confirmed and started paying with pending funds.  This of course didn't go well and a bunch of payment transactions had to be deleted and reprocessed.

We of course have alarms on confirmed funds and were notified as it was going down but Erik was traveling and I don't have access to the reserve funds so there was not much I could do, other than later run the recovery and cleanup tasks to get everyone paid.
hero member
Activity: 518
Merit: 500
Whats the jokers market?

I think he is referring to MPEx.
member
Activity: 106
Merit: 10
Whats the jokers market?
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
On 06-09-12 The total outstanding number of shares was approximately 3 million, which is 30% of the total number of available shares (10% of the grand total 100 million shares which represent all of the profits from SD). 30% of the total dividend paid is 235.84709 BTC.

786.15699996 BTC was paid to all of the holders of the 10,000,000 mpex stocks divided evenly. Owners of passthroughs took their share and divided it among their shareholders. The total amount of bitcoins paid to shareholders other than erik is 235.84709 BTC.

GLBSE has that indformation available. Look at the "Dividend Payments" 

Code:
Payment date      |   Total paid   |  Shares paid | Payment per share
2012-09-06 00:57      28.99436064      388248        0.00007468

If you like to know, how many shares are actually issued on GLBSE, see https://glbse.com/api/quantity_trading/GSDPT
At of today, it shows 402480 shares.

Has all this money actually used for buying shares from the jokers market is unknown. If you know how to check this, let us know.
full member
Activity: 154
Merit: 100
On 06-09-12 The total outstanding number of shares was approximately 3 million, which is 30% of the total number of available shares (10% of the grand total 100 million shares which represent all of the profits from SD). 30% of the total dividend paid is 235.84709 BTC.

786.15699996 BTC was paid to all of the holders of the 10,000,000 mpex stocks divided evenly. Owners of passthroughs took their share and divided it among their shareholders. The total amount of bitcoins paid to shareholders other than erik is 235.84709 BTC.
donator
Activity: 1731
Merit: 1008
How much of this 700btc dividend was paid to shareholder ? (other than Erik's share that didn't sell yet)
legendary
Activity: 1264
Merit: 1008

S.DICE does seem like the best 'legit' investment on either exchange though.  cash flow is sick.  To get 20% yield in the global bond market, you gotta go greek.


And I think we can all agree SatoshiDICE will be around much longer than Greece  Wink 

όχι
legendary
Activity: 2940
Merit: 1333
Dooglus is pretty much a badass in general - he's an amazing asset to the community here, by any measure.

How sweet of you to say so.  Wink
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
Each day I post an unofficial profit/loss account along with a graph, all taken from the blockchain.
https://bitcointalksearch.org/topic/satoshi-dice-statistical-analysis-80312
Pretty good work.
I agree! Thanks dooglus for being Bitcoin's best (un)official actuary.


Dooglus is pretty much a badass in general - he's an amazing asset to the community here, by any measure.
hero member
Activity: 634
Merit: 500
Each day I post an unofficial profit/loss account along with a graph, all taken from the blockchain.
https://bitcointalksearch.org/topic/satoshi-dice-statistical-analysis-80312
Pretty good work.
I agree! Thanks dooglus for being Bitcoin's best (un)official actuary.
hero member
Activity: 756
Merit: 522
Quote
Each day I post an unofficial profit/loss account along with a graph, all taken from the blockchain.

Pretty good work.
legendary
Activity: 2940
Merit: 1333
I've not been following this thread closely, but I've seen my daily SatoshiDice statistics thread mentioned a few times, but never linked to.

So here's the link: https://bitcointalksearch.org/topic/satoshi-dice-statistical-analysis-80312

Each day I post an unofficial profit/loss account along with a graph, all taken from the blockchain.

It pretty closely matches the official google doc that gets updated periodically.
sr. member
Activity: 446
Merit: 250
It's not an issue of trust, its an issue of 2 counterparties (mpex, s.dice) instead of 4 (glbse, pass thru).  Also the 5% lost dividend payments.  I think it makes sense to go MPEx at around 500 coins, but not sure I want all that in one investment.

S.DICE does seem like the best 'legit' investment on either exchange though.  cash flow is sick.  To get 20% yield in the global bond market, you gotta go greek.


There is a cheaper middle ground.

I offer brokerage services for the lesser of 3% or .5 btc per buy or sell. (which equates to 100% 'pass through' of dividends)

This would reduce counterparties to 3 and cost less than getting your own MPEx account.
sr. member
Activity: 394
Merit: 250
I would bet that Satoshi Dice does not default nor drop in value faster than any tranche of greek debt I could buy as a retail investor.


S.DICE does seem like the best 'legit' investment on either exchange though.  cash flow is sick.  To get 20% yield in the global bond market, you gotta go greek.


And I think we can all agree SatoshiDICE will be around much longer than Greece  Wink 
hero member
Activity: 634
Merit: 500
I find it ironic that I used my winnings from SatoshiDICE to buy shares of the stock.  Cheesy
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack

S.DICE does seem like the best 'legit' investment on either exchange though.  cash flow is sick.  To get 20% yield in the global bond market, you gotta go greek.


And I think we can all agree SatoshiDICE will be around much longer than Greece  Wink 
hero member
Activity: 756
Merit: 522
o.o
Congrats to the winners!
sr. member
Activity: 394
Merit: 250
It's not an issue of trust, its an issue of 2 counterparties (mpex, s.dice) instead of 4 (glbse, pass thru).  Also the 5% lost dividend payments.  I think it makes sense to go MPEx at around 500 coins, but not sure I want all that in one investment.

S.DICE does seem like the best 'legit' investment on either exchange though.  cash flow is sick.  To get 20% yield in the global bond market, you gotta go greek.

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